Barchart Research Team - Barchart.com - Fri Mar 02, 8:24PM CST
The "Chart of the Day" is Sonic Automotive (SAH), which showed up on Friday's Barchart "52-Week High" list. Sonic on Friday posted a new 3-1/2 year high of $18.64 and closed +5.10%. TrendSpotter issued a new Buy signal last Tuesday at $17.92. In recent news on the stock, Sonic on Feb 28 reported Q4 EPS of 43 cents, above the consensus of 38 cents. Sonic Automotive, with a market cap of $900 million, is one of the largest automotive retailers in the United States.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports